/biz/ - Business & Finance

Back answering technical questions if anyone has any.

>>5420175
It's like the hunger games but with NEETs.

No sleep allowed or you lose.

>>3494809

You bought the dip right?

Only have 3k, wanted 12k but oh well here we gooooooo!

>>3019092
Everyone here is gonna shill you their bags so I guess I'll start
If you're looking for a good, long hold check out Ark
Then stake that shit with biz classic

Let's get an ARK charity fund started for Moon Man.

>>Finally downloaded Ark Wallet, voted for biz_classic, 1 ark was sent.

Is that it?? No confirmation or anything.

So this entire coin reads like an intentional Pump and Dump that all early holders will profit off of. I'd call it a scam but no one can lose unless you're buying it. The current price is completely unsustainable.

At current prices (lets estimate around 2000 sats), my Ethereum rig gets over 2.5x what I'd make off Ethereum (in BTC). With the hashrate fluctuating as much as it is, it rises even higher at off peak times. This alone means that either the hashrate has to significantly increase, or you can expect a massive dump by some miners (both equally likely). This sets up the coin for a massive nose dive at some point in the near future, regardless of outcome.

Then, there's a block halving at 30k, another at 60k, then full PoS at block 100k.

For a coin with 2 minute blocktimes, that means the first halving occurs within ~41 days, then again at ~83 days, with full PoS at ~139 days. This was set intentionally low to allow a sharp first month accumulation. It was a stupid move buying the coins at anything above a cent, maybe two if you have big balls or a stupid brain.

The annual interest is half of what you can expect from other coins like DASH or ARK, which means it isn't meant to be competitive in the PoS aspect - which only makes sense if you're trying to prime a pump on this coin from the start and guarantee artificial scarcity.

Then there's the instamine. The dev claimed "no premine", but the first few blocks had difficulty set so low that it's almost GUARANTEED he mined at least several hundred of the first few blocks and is planning on holding until PoS to dump.

It's obviously another shitcoin, but it's actually hard to lose out on this one because the dev purposely made it one. This coin has one of the sharpest drops in inflation, and the supersonic head start pretty much guarantees this will end in tears for all bagholders at some point after we enter PoS.

tl;dr Mine this now and dump it like you just had chipotle in the next few weeks/months

>>2854362
These ARK Originals are comfy

>>2842135
AHAHAHHA HOLY SHIT MY SIDES

I didn't think anyone here was smart enough to write a scraper but actually be stupid enough to think it was actually possible to find a key, much less ACTUALLY start scraping the fucking website pages for it.

Oh jesus christ.

>>2823635
>>2823686

We know for an absolute fact that at least 1 whale on here has 2 million RISE, which is a big deterrent for us to start a RISE delegate. We have no incentive to buy bags when this whale could dump that much on us at anymoment, and we don't want to start a delegate without holding anything ourselves because then it's just inviting said whale to dump on you guys.

So we're going to wait a little bit, mostly to see the liquidity grow.

Hopping in to respond to payout/sliding scale related inquiries since that's the one thing I'm most heavily involved in.

>>2808759
>>2808778
>>2808798
>>2808830
>>2808896
>>2808915

First off, regarding future grandfathering: Yes and No. We're going to implement a fidelity scale later this year that will benefit large wallets that stick with us for a long time, which is sort of like grandfathering but instead of an arbitrary cutoff it's a moving target that anyone can join by simply being in the pool for a long period of time. We plan to cap it at 90%, so if you stay in a long time you are effectively grandfathered in but in a more legitimate way (and if you don't hop you'll stay at 90%).

For a full writeup on features that are upcoming look here:
https://medium.com/@biz_classic/news-updates-and-roadmap-bfadc80445d8

Next, sliding scale:

Not yet finalized. It will STILL be better than other delegates for everybody but the absolute largest whales. Flat out, we are paying far greater than anyone else and will be basically forever. Those who stay in the longest without hopping get rewarded with 90% payout permanently after achieving the fidelity threshold we introduce later in the year.

Anyone with below average wallet size will have 100% payouts forever.

No exact numbers to give, but it's going to work on an exponential scale where your first "average" amount of ark (currently ~3k) gains 100% payout interest, then the next average * 2 (~6k) gains 90%, and then average * 4 gains 80%, etc etc. If you do the math, it still scales up in your favor for most people (at least that is the plan with the finalized numbers, so don't panic if you think you're too big of a whale).

We'll be publishing the final formula by August 23rd, when the payout promotion ends.

Higher resolution.